Kodak is afloat again, not bankrupt

On Habré, Kodak’s bankruptcy was discussed for quite a long time, which did an incredible amount both for photography and for printing technology. Probably, the community has already forgotten about Kodak, considering the company to be dead, but it's not like that. After the renovation, the sale of a large package of their patents and the receipt of additional funding, Kodak began work again.



In this case, of course, I had to abandon many areas of activity, switching to other areas. If you remember, the company had to abandon the commercial production of equipment and materials for photography. Now Kodak is going to do commercial printing.

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Basically, the new field of activity of the company will relate to printing on packaging materials and other similar business projects. However, the company has remained professionals who can put Kodak on its feet, and perhaps offer the world something else interesting, as it was before.



Moreover, the financial affairs of the company are not so bad: the creditors got shares of the renewed company, which significantly reduced the cash debt of Kodak. Plus, the patent package was sold for half a billion dollars, and investors poured another 844 million dollars into the company. All this led to the renewal of the company, and, as mentioned above, to the exit of Kodak from a state of bankruptcy.



I would like to hope that companies have something to offer the world, and news about the company will appear on Habré more than once.



Via theverge